The long legal battle between the Ripple and the US Securities and Exchange Commission (SEC) could have finally been close to its end-but it really wrapped it this Thursday? Let's split the facts behind the speculation and what really happens.
The viral tweet – outdated and misleading
A tweet from Eleanor Terrett again produces cycles, suggesting that the SEC is likely to discuss the Ripple Case Dmissal at a closed-door meeting scheduled for a Thursday. However, what many people do not realize that the tweet is from March. The date is not new, and it is related to the internal SEC scheduling at that time.
What really happens in the case of ripple vs sec?
To restore, Ripple and the SEC reached a slight resolution a few hours ago, with Ripple consistent with a civil penalty for earlier Sales of the XRP institution, as the court determined that the XRP was not a security in the second market. However, the final paperwork, formal removal, and an official SEC statement remain pending.
Stuart Alderoty, the chief officer of Ripple's legal officer, recently said the case has been effectively completed, awaiting the final formality. But there is still no official sign-off from the SEC Commission.
Why is this important for XRP and Crypto Market
Many analysts believe that once the final collapse of the paperwork and legal clarity is fully established for the ripple, it can bring new opportunities to adopting the institutional and potential fuel of the XRP price rally. Some think even if the XRP ETF may be at the end.
But as long as the SEC officially published the dismissal, it was early to express success.
Court: Incorrect alarm so far
The claim that Ripple vs Sec will end on Thursday is based on an old tweet and continued speculation. So far, there is no confirmed date for the final removal of the case.
